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Here's What Changed In The New Fed Statement
AMERICA - Published date: .
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous... Read more
Unlike During Past Economic Downturns, Americans Have Money In Their Pockets This Time
AMERICA - Published date: .
Personal income increased 10.5% in April, the Bureau of Economic Analysis said last week. Read more
The May Unemployment Rate Is Expected To Be Near 20% As Millions More Lost Jobs
AMERICA - Published date: .
About 8 million Americans lost their jobs in May, on top of the 20.5 million in April, and economists see unemployment p... Read more
Consumer Confidence Rises Unexpectedly In May As Economy Reopens
AMERICA - Published date: .
Consumer confidence unexpectedly improved in May as the U.S. economy slowly restarted, according to data from the Confer... Read more
May Unemployment Looks Worse Than Expected, Signaling Another Bad Jobs Report Could Be Coming
AMERICA - Published date: .
So far, state reopenings have not helped stem the rise in unemployment, which is expected to show another big jump in th... Read more
As States Reopen, It's A Race Against The Clock For Small Businesses To Pay Bills And Stay Solvent
AMERICA - Published date: .
As states reopen, the focus has turned to whether smaller companies can find enough business to survive, preventing a wa... Read more
Consumer Sentiment Unexpectedly Rises After Massive U.S. Fiscal Stimulus
AMERICA - Published date: .
U.S. consumer sentiment inched higher in the early part of May following massive stimulus measures undertaken by the gov... Read more
Powell's Gloomy Outlook Has Investors Predicting The Fed May Make Another Big Move Soon
AMERICA - Published date: .
Some strategists say the Fed could announce a new quantitative easing program before or at its June 9-10 meeting. Read more
Tudor Jones Says This Will Be The 'Second Depression' If We Remain In Lockdown In A Year
AMERICA - Published date: .
Hedge fund investor Paul Tudor Jones said the country may have trouble following contact tracing and other methods used ... Read more
US Services Sector Posts Biggest Contraction Since 2009 As Coronavirus Halts Economic Activity
AMERICA - Published date: .
The U.S. services sector contracted for the first time in about a decade last month as the coronavirus pandemic brought ... Read more
April's Jobs Report Showing Millions Out Of Work Looms Large In The Week Ahead
AMERICA - Published date: .
In the week ahead, the April jobs report is expected to show the highest unemployment since 1939. Read more
Powell Says The Economy Will Likely Need More Support From The Fed For The Recovery To Be 'robust'
AMERICA - Published date: .
Federal Reserve Chairman Jerome Powell said more stimulus is needed to ensure a robust economic recovery from the corona... Read more
The Economic Decline In The First Quarter Reveals Even Weaker Consumers And More Unknowns Ahead
AMERICA - Published date: .
Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home ... Read more
The Fed May Provide More Details On The Policy 'bazooka' It Fired To Help Markets
AMERICA - Published date: .
The Fed is not expected to adjust rates but it could provide details on the unprecedented moves it has made to fight the... Read more
US Consumer Sentiment Falls For A Third Consecutive Month
AMERICA - Published date: .
U.S. consumer sentiment fell for a third straight month as people weigh the coronavirus pandemic and the possibility of ... Read more
The US Economy Has Wiped Out All The Job Gains Since The Great Recession
AMERICA - Published date: .
The jobless claims report showed that it took only five weeks for the U.S. economy to erase all the job gains since the ... Read more
Another 4.3 Million Workers Expected To Have Filed Unemployment Claims
AMERICA - Published date: .
About 4.3 million workers are expected to have filed unemployment claims last week, bringing virus-related layoffs to ov... Read more
The US Economy Has Erased Nearly All The Job Gains Since The Great Recession
AMERICA - Published date: .
The jobless claims report showed that it took only four weeks for the U.S. economy to erase all the job gains in the las... Read more
The Economic Data Is Even Worse Than Wall Street Feared: 'The Economy Is Clearly In Ruins Here'
AMERICA - Published date: .
Consumer and manufacturing data showed the hit to the economy from the coronavirus was even swifter and deeper in the ea... Read more
5 Million More Unemployment Claims Expected, But Layoffs Are Now Broader And Could Be More Permanent
AMERICA - Published date: .
The new claims for weekly unemployment benefits could bring the number of Americans filing to more than 15 million in th... Read more